At around 02:00 a.m. ET, Dow futures rose by 23 points, indicating a positive open of more than 27 points. Futures on the S&P and Nasdaq were both seen marginally higher.

Oil prices jumped more than 2% in the previous session, hitting their highest level this year amid intensifying concern about global supplies. It comes after the U.S. announced a further clampdown on Iran’s oil exports.

International benchmark Brent crude traded at $74.40 Tuesday morning, up around 0.5%, while U.S. West Texas Intermediate (WTI) stood at $65.93, almost 0.6% higher.

Source: CNBC

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